Consider a project with the following cash flows: Year 0 1 Cash Flow -8000 5000 5000 5000 5000 2 3 4 Assume the appropriate discount rate for this project is 14%. The payback period for this project is closest to: A. 1.6 B. 2.4 C. 1.28 D. 1.92 Your estimate of the market risk premium is 5%. The risk-free rate of return is 4.4% and General Motors has a beta of 1.1. What is General Motors' cost of equity capital? A. 9.4% B. 9.9% C. 8.9% D. 10.4%